Amazon’s stock head for first loss in 8 sessions, as charts suggest ‘very overbought’ condition

“Dan Wantrobski, technical analyst at Janney Montgomery Scott, said Amazon’s stock was “very overbought by short-term technical standards.”” writes Reporter Editor for marketwatch.com. Amazon’s stock was still up 36.7% over the past three months, while the Nasdaq 100 has gained 10.5% and the Dow has tacked on 2.2%.The stock had run up 7.0% over the past seven sessions, which included five-straight record closes.